Thank you
Maria F Dattilo
HomeSmart Realty Advisors- Exton
215-604-1191
Excellent Investment Opportunity Awaiting it's new Owner!! Situated across the street from Manatawny Park, this Triplex rests on a corner lot with a well manicured lawn. It is located close enough to walk to High St. yet far enough for tenants to enjoy a quiet neighborhood. Property was renovated just a few years ago and has been maintained. Renovations completed are as follows: 3 new hot water heaters, PEX plumbing throughout, updates to the electric panels and an owners panel added, exterior motion lighting, all windows replaced, interior and exterior painting, new raillings around the 1st floor front unit of the building, tile work in kitchens and some baths, minisplit installations for Heat and A/C, new gutters, concrete stairs to units 2 and 3 were redone along with a few newly poured pads along the walkway in front of unit 1 (1st Fl Rear). An exterior closet was also constructed with baseboard heat and water lines installed for the addition of a combo washer/dryer, but was never used for this purpose. (The closet is currently used to store exterior maintenance equipment.) Longterm tenants in 2 of the 3 units with interest in staying. Rents are below market value totaling $2450/mo. for an annual total of $29,400 and a cap rate of 7% with potential to increase to over $3000/mo., $36,000/yr. with a cap rate of 9-10%. (Efficiency: $600/mo; 1 Bedroom: $950/mo.; 2 Bedroom: $900/mo.) Utilities are split and tenants pay their own electricity. Owner pays for water/sewer/trash (about $635/qr.), taxes $4,500, Ins. $1,400. Parking for tenants/visitors is on 2nd Street and the borough allows a few spaces to be used across the street at the park. Please Note: *Basement is listed as a crawl space, but there is a partial walk out basement as well (bilco doors) which houses all of the utilities. **Public records states this property is within a flood zone and that is incorrect. Please see FEMA LOMA under documents.**
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Water Source : Public
Patio/Porch Features: Patio(s)
Attic
Exterior Property Features : Exterior Lighting,Sidewalks
Basement Description: Full
Cooling: Central A/C
Heating: Baseboard - Electric,Wall Unit
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Window Treatments: Replacement
Exterior Features: Exterior Lighting,Sidewalks
Year Built: 1907
Structure: Detached
New Construction: No
Total Units: 3
Built: 1907
Construction Material: Brick
Security System: Motion Detectors
Foundation/Basement: Crawl Space
Architecture: Colonial
Pool/Private: No Pool
Utilities: Natural Gas Available
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 5,664
Dimensions: 84.00 x 0.00
Lot Size (Acres): 0.13
Architectural Style: Colonial
Stories Total: 2
Main Square Feet: 5,664
SQ ft: 1,448
SQ ft (Living Area): 1,448
Total Lot SQ ft: 5,664
Financing: Cash,Conventional
Appx. Lot Dimensions: 84.00 x 0.00
Total Acreage: 0.13
New Construction: No
Type: Colonial
Possession: Settlement
Days Of Market: 15
Annual Tax: $4,566
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $75,080
Parking Type: On Street,Other
Has Garage: N
Acceptable Financing: Cash,Conventional
Direction: Take 422 W/Swedesford Rd toward West Chester/Pottstown; Exit onto PA-100 N toward Allentown; Merge onto PA-100 N; Turn right onto W King St; Turn left onto Manatawny St, arrive at 238 Manatawny St
School District: POTTSTOWN
Natural Gas Available
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric
Direction: Take 422 W/Swedesford Rd toward West Chester/Pottstown; Exit onto PA-100 N toward Allentown; Merge onto PA-100 N; Turn right onto W King St; Turn left onto Manatawny St, arrive at 238 Manatawny St
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
0000 Chestnut Street , Pottstown, PA,19464 | $65,000 | -- | -- | 44,866 | 44866 Sqft |
1141 Grosstown Road , Pottstown, PA,19464 | $600,000 | -- | -- | 274,428 | 274428 Sqft |
2088 E High Street , Pottstown, PA,19464 | $200,000 | -- | -- | 22,843 | 22843 Sqft |
649 Chestnut Street , Pottstown, PA,19464 | $215,000 | 3 | 1.0 | 1,997 | 4200 Sqft |
536 Lemon Street , Pottstown, PA,19464 | $234,900 | 2 | 1 | 520 | 4200 Sqft |
265 Haven Drive , Pottstown, PA,19464 | $536,640 | 4 | 3.0 | -- | 8766 Sqft |
LOT 65 Buchert Road , Pottstown, PA,19464 | $99,900 | -- | -- | 33,837 | 33837 Sqft |
110 N York Street , Pottstown, PA,19464 | $225,000 | 3 | 2.5 | -- | 2100 Sqft |
259 Haven Drive , Pottstown, PA,19464 | $518,640 | 4 | 3.0 | -- | 6780 Sqft |
25 W 3rd Street , Pottstown, PA,19464 | $269,999 | 4 | 2.0 | -- | 2800 Sqft |
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ByOwner last updated this listing 04/28/2024 @ 23:17
MLS: PAMC2093584
LISTED BY: Maria F Dattilo , HomeSmart Realty Advisors- Exton
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.